Business, 14.04.2020 23:18 juliannabartra

1. Guilford Co. has leased property and accounted for the transaction as a capital lease. The amount recorded initially by Guilford as a liability should normally A)Exceed the total of the minimum lease payments. B)Exceed the present value of the minimum lease payments at the beginning of the lease. C)Equal the total of the minimum lease payments. D)Equal the present value of the minimum lease payments at the beginning of the lease.

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